Brunswick Corporation · NYSE:BC
Brunswick — Non-Deal Roadshow (2025)
30 slides from Brunswick's roadshow presentation, 2025
Slide 1: Q4 2025 Investor Meetings
Q4 2025 Investor Meetings Brunswick Corporation Executive Summary
Slide 2: Forward-Looking Statements
BRUNSW ICK CORPORATION – EARNINGS RELEASE Forward-Looking Statements Certain statements in this presentation are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates, and projections abo
Slide 3: Use of Non-GAAP Financial Information and Constant Currency Reporting
BRUNSW ICK CORPORATION – EARNINGS RELEASE Use of Non-GAAP Financial Information and Constant Currency Reporting In this presentation, Brunswick uses certain non-GAAP financial measures, which are numerical measures of a registrant’s historical or future financial performance, financial position, or
Slide 4: About Brunswick
BRUNSW ICK CORPORATION ~50% of U.S. recreational boats are powered by 800+ Mercury Marine engines patents since 2017 About — Brunswick ~60k 3 out of 4 Freedom Boat Club Memberships Globally most recognizable U.S. boat brands ©2025 BRUNSWICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 4
Slide 5: Enhancing & Expanding Brunswick Leadership
Enhancing & Expanding Brunswick Leadership On Pace for 100+ 100+ Products to be Launched Awards for the 4th in 2025 Consecutive Year 3rd 80% Consecutive Year ## US based COGS 85% increase in revenue US focused Investment ©2025 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 5
Slide 6: Propulsion, Engine Parts & Accessories, Navico Group, Boat
Engine Parts Navico Boat Business Propulsion & Accessories Group Group Acceleration World Leader — World’s Largest — Leading Supplier — 18 Market-Leading — Eco-system of — Outboard, sterndrive and high- Supplier of captive marine Integrated marine electronics, Global boat brands, serving all Synergi
Slide 7: Q3 2025 – Sales Growth Across all Segments
BRUNSW ICK CORPORATION – EARNINGS RELEASE Q3 2025 – Sales Growth Across all Segments Propulsion Engine P&A Navico Group Boat1 Stable R12 U.S. outboard market Favorable U.S. weather Aftermarket remained strong in Announced fiberglass share and second-highest (49.4%) extending boating season,
Slide 8: Leading with purpose-built innovation
PRODUCT LEADERSHIP | HISTORIC VIEW Design Thinking Intellectual Property** Leading with purpose-built innovation 423+ Employees trained 78 Team projects 142 Disclosures | 111 Patents filed 79 Patents granted | 110 Inventors 2018 2019 2020 2021 2022 2023 2024 2025 Propulsion Controls & Rigging Racing
Slide 9: Market Position
1 We hold the U.S. & Canada Outboard and Sterndrive Share, Europe Outboard Share Global High Performance & Racing Engines, Drives & Propellers Global Recreational Marine P&A Distribution Largest Boat Club Globally # & & & & Position 11’-50' Outboard Saltwater Fish 11’-40’ Runabout and Deck I/O Premi
Slide 10: A Global Leader in Marine Recreation & Technology
BRUNSW ICK CORPORATION – EARNINGS RELEASE A Global Leader in Marine Recreation & Technology EU 13% CN 6% Headquartered in Mettawa, IL, US 68% a northern suburb of Chicago, Brunswick is present in 26 countries with sales in 170 AP 7% countries around the world. 25Q3 Revenue Mix ROW 6% World Headquart
Slide 11: Boat Market Demand & Participation
Boat Market Demand & Participation With retail boat market near historic lows, Brunswick well-poised for a recovery 250,000 U.S. New Powerboat Industry Retail Unit Registrations New Boat 200,000 Purchases are 150,000 Exposed to Economic 100,000 Cycles 50,000 - Boating Participation excl <16ft 7,000,
Slide 12: Brunswick Leadership Position and Competitive Advantage
Brunswick Leadership Position and Competitive Advantage Focused growth initiatives with improved efficiency advance our market leadership position Strategy Working — Continue to Pursue Growth — Execution, Efficiency Strong Financial Profile – Outperforming Peers Adapt to Changing Landscape and Enter
Slide 13: Cutting-Edge Products, Synergies, and Business Innovation
BRUNSW ICK CORPORATION – EARNINGS RELEASE Cutting-Edge Products, Synergies, and Business Innovation TBD 2025 Moteur Boat OEM FLITELab* Awards Apps/Connectivity Explorer Lineup Ghost X Trolling Christchurch, New Zealand Motor Franchise ©2025 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 13
Slide 14: SIMRAD AutoCaptain – World-Leading Autonomous Boating Solution
BRUNSW ICK CORPORATION – EARNINGS RELEASE SIMRAD AutoCaptain – World-Leading Autonomous Boating Solution Features at Launch System Integration • Autodocking / undocking • Navico Group: stereo cameras, processor, user interface, • Close quarter maneuvering autonomy software • Stabilizes vessel at the
Slide 15: Financial Profile
BRUNSW ICK CORPORATION Financial Profile ©2025 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 15
Slide 16: Q3 2025 Results
BRUNSW ICK CORPORATION – EARNINGS RELEASE Sales increased for all segments over Q3 2024 $1.4B $0.97 Exceptional Q3 and YTD free cash flow 1 Boat and engine pipeline Net Sales Adjusted EPS inventories remain (+7% vs. Q3 2024) (-17% vs. Q3 2024) extremely healthy and at Q3 2025 record low levels
Slide 17: 2025 Guidance
BRUNSW ICK CORPORATION – EARNINGS RELEASE 2025 Guidance1 ~$5.2B ~7.0% Revenue Operating Margin ~$3.25 $425M+ Diluted EPS Free Cash Flow Previously: $400M+ ~$200M $80M+ Debt Retirement Share Repurchases Previously: ~$175M 1EACH ON AN “AS ADJUSTED” BASIS WHERE APPLICABLE. ©2025 BRUNSW ICK CO. CONFIDEN
Slide 18: Initial Thoughts on 2026
BRUNSW ICK CORPORATION – EARNINGS RELEASE Initial Thoughts on 20261 First look at 2026 and subject to change as we finalize annual strategic planning Key Assumptions U.S. retail boat market flat Mid-to-High to slightly up Modest price increases, share gains, and Single-Digit Percent slight improve
Slide 19: Shareholder Return
Shareholder Return 13 $1.6B ~70% Consecutive of Share of Net Income years of Repurchases returned to Dividend (since 2019) Shareholders increases (since 2019) ©2025 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 19
Slide 20: Appendix
BRUNSW ICK CORPORATION Appendix ©2025 BRUNSW ICK CO. CONFIDENTIAL AND ALL RIGHTS RESERVED. 20
Slide 21: Tariff Update
BRUNSW ICK CORPORATION – EARNINGS RELEASE Tariff Update1 Actively working mitigation efforts across the enterprise Estimated 2025 • ~70% of enterprise COGS are % of 2025 Impact, Net of sourced from the United States COGS2 Mitigation China <5% $20 - $30M3,4 • Actively working to further reduce Mexico
Slide 22: 2025 Outlook Segment Guide
BRUNSW ICK CORPORATION – EARNINGS RELEASE 2025 Outlook Segment Guide1 Propulsion Engine P&A Navico Group Boat Net Sales Guide2 ~$2.1B ~$1.2B ~$0.8B ~$1.5B Previously: ~$2.0B Previously: ~1.1 - $1.2B Operating Margin High ~18% Mid Mid Guide Single-Digit Percent Previously: ~20% Single-Digit Percent S
Slide 23: 2025 Outlook – Capital Strategy and Other Assumptions
BRUNSWICK CORPORATION – EARNINGS RELEASE 2025 Outlook – Capital Strategy and Other Assumptions Average Diluted Net Working Capital Shares Outstanding Net Interest Expense Generation ~66M ~$110M ~$125M Previously: ~$100M Capital Expenditures Depreciation Currency Impact Flat to Slightly ~$150M ~$225M
Slide 24: Net Sales – Q3 2025
BRUNSW ICK CORPORATION – EARNINGS RELEASE Net Sales – Q3 2025 Net Sales increased by $86.9 million, or 7 percent Segments Q3 2025 Q3 2024 % Change Propulsion $535.4 $485.9 10% Engine Parts & Accessories 363.7 336.1 8% NET Navico Group 186.9 184.1 2% SALES Boat Segment Eliminations 360.2 (86.0) 345.3
Slide 25: GAAP to Non-GAAP Reconciliations – Q3 2025
BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – Q3 2025 Operating Earnings and Diluted Earnings per Share Operating Earnings Diluted Earnings per Share (in millions, except per share data) Q3 2025 Q3 2024 Q3 2025 Q3 2024 GAAP ($242.2) $98.4 ($3.57) $0.71 Restructuring, e
Slide 26: Net Sales – YTD 2025
BRUNSW ICK CORPORATION – EARNINGS RELEASE Net Sales – YTD 2025 Net Sales decreased by $53.2 million, or 1 percent Segments YTD 2025 YTD 2024 % Change Propulsion $1,620.6 $1,622.1 (0%) NET Engine Parts & Accessories 956.8 934.6 2% Navico Group 597.4 605.1 (1%) SALES Boat 1,137.9 1,205.2 (6%) (in mill
Slide 27: GAAP to Non-GAAP Reconciliations – YTD 2025
BRUNSW ICK CORPORATION – EARNINGS RELEASE GAAP to Non-GAAP Reconciliations – YTD 2025 Operating Earnings and Diluted Earnings per Share Operating Earnings Diluted Earnings per Share (in millions, except per share data) YTD 2025 YTD 2024 YTD 2025 YTD 2024 GAAP ($82.6) $367.3 ($2.34) $3.26 Restructuri
Slide 28: Tax Rate
BRUNSW ICK CORPORATION – EARNINGS RELEASE Tax Rate Q3 2025 Q3 2024 Q3 Effective Tax Rate - GAAP Effective Tax Rate - As Adjusted 1 12.0% 21.6% 32.3% 21.1% YTD 2025 YTD 2024 YTD Effective Tax Rate - GAAP Effective Tax Rate - As Adjusted 1 5.2% 21.7% 23.8% 21.4% (1) TAX PROVISION, AS ADJUSTED, EXCLUDE
Slide 29: Free Cash Flow
BRUNSW ICK CORPORATION – EARNINGS RELEASE Free Cash Flow (in millions) Q3 2025 Q3 2024 Net cash used for operating activities from continuing operations $142.0 $69.9 Net cash (used for) provided by: Q3 Capital expenditures (33.9) (36.0) Proceeds from sale of property, plant, equipment 2.0 2.8 Effect
Slide 30: Free Cash Flow
BRUNSW ICK CORPORATION – EARNINGS RELEASE Free Cash Flow (in millions) Q4 2024 Q1 2025 Q2 2025 Net cash used for operating activities from continuing operations $312.0 ($13.4) $322.5 Net cash (used for) provided by: Capital expenditures (30.3) (37.7) (44.9) Proceeds from sale of property, plant, equ